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The name of the Company is one the most important and foremost steps taken before incorporating a Company. The name of a Company will not only encompass the business but also suggest its identity. Thus, choosing a name for your business also makes it the most important aspect of marketing your goods or services.
A good name must have a global appeal without touching any sensitive issues or barriers. The best feature of a Company name suggests that it is short and simple making it easy to remember and unique and trendy to differentiate from other simple names.
Before the Company is incorporated, the proposed name of the Company must be checked for availability to avoid any infringement or theft of existing and registered Company names.
There are certain criteria to meet for Company name availability in India. Once the below requirements are fulfilled, Company name can be proposed. The Ministry of Corporate Affairs database has all the information pertaining to registered Companies. Company Name availability can be checked and searched on the Ministry of Corporate Affairs portal using the search index.
The proposed name must not be identical or similar to an existing Company name, as it will lead to infringement or theft creating a legal issue. The proposed Company name must be unique. Different spelling, tense, spacing, addition or subtraction of characters will not be considered as unique.
Proposed Company name must not infringe trademark registered for a different Company name or an application under trademark registration.
Names proposed for a Company must not include a separate type of constitution such as co-operative, trust, partnership, etc.
Approval from regulatory bodies such as RBI, SBI, etc. is needed for names including words like insurance, bank, mutual fund, stock exchange, venture capital, asset management, etc., or any kind of financial management
Company names proposed cannot imply association with any foreign government. They also cannot be associated with or patronage of a national hero, a person of high esteem or a person of position in the government
Proposed names may include certain words such as international, bharat, Hindustan, globe, etc., depending whether the authorized capital is Rs. 5 lakhs or above
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